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Globalization, Domestic Inflation and Global Output Gaps: Evidence from the Euro Area*
16 references·13 citing·49 second hop
Globalization, Domestic Inflation and Global Output Gaps: Evidence from the Euro Area* (2009)Globalization, Domestic Inflation and Glo…Government size, composition, volatility and economic growth (2010)Government size, composition,…Globalisation and Inflation: New Cross-Country Evidence on the Global Determinants of Domestic Inflation (2007)Globalisation and Inflation: …Exploring the international linkages of the euro area: a global VAR analysis (2007)Exploring the international l…Determinants of business cycle comovement: a robust analysis (2005)Determinants of business cycl…Monetary Policy and Inflation Dynamics (2004)Monetary Policy and Inflation…Monetary policy and exchange rate pass‐through (2004)Monetary policy and exchange …Modeling Regional Interdependencies Using a Global Error-Correcting Macroeconometric Model (2004)Modeling Regional Interdepend…An area-wide model for the euro area (2004)An area-wide model for the eu…A Decomposition of Global Linkages in Financial Markets Over Time (2004)A Decomposition of Global Lin…NBER Macroeconomics Annual 2002 (2003)NBER Macroeconomics Annual 20…Money and inflation in the euro area: A case for monetary indicators? (2003)Money and inflation in the eu…Has the Business Cycle Changed and Why? (2002)Has the Business Cycle Change…Eurosystem monetary targeting: Lessons from U.S. data (2002)Eurosystem monetary targeting…A Reexamination of the Predictability of Economic Activity Using the Yield Spread (2002)A Reexamination of the Predic…Monetary Policy and Exchange Rate Pass-Through (2001)Monetary Policy and Exchange …Testing for parameter instability in linear models (1992)Testing for parameter instabi…Geopolitical risk, supply chains, and global inflation (2024)Geopolitical risk, supply cha…Technological progress, globalization and low-inflation: Evidence from the United States (2019)Technological progress, globa…Inflation Expectations: Review and Evidence (2019)Inflation Expectations: Revie…Domestic and global output gaps as inflation drivers: What does the Phillips curve tell? (2019)Domestic and global output ga…Thai inflation dynamics in a globalized economy (2018)Thai inflation dynamics in a …The new Keynesian Phillips curve: An update on recent empirical advances (2016)The new Keynesian Phillips cu…Globalization and inflation: A threshold investigation (2016)Globalization and inflation: …Inflation in New EU Member States: A Domestically or Externally Driven Phenomenon? (2015)Inflation in New EU Member St…Financial Globalization and Monetary Transmission (2013)Financial Globalization and M…Globalization and flattening of Phillips Curve in Turkey between 1987 and 2007 (2012)Globalization and flattening …DIRECTORATE GENERAL FOR INTERNAL POLICIES POLICY DEPARTMENT A: ECONOMIC AND SCIENTIFIC POLICY (2012)DIRECTORATE GENERAL FOR INTER…Inflation Pressures and Monetary Policy in Global Economy (2010)Inflation Pressures and Monet…Global slack and domestic inflation rates: A structural investigation for G-7 countries (2010)Global slack and domestic inf…Postwar U.S. Business Cycles: An Empirical Investigation (1997)Measuring Business Cycles: Approximate Band-Pass Filters for Economic Time Series (1999)The Band Pass Filter (1999)What Can (Macro-) Prudential Policy do to Support Monetary Policy? (2007)The financial cycle and macroeconomics: What have we learnt? (2013)The Age of the Dragon: The Effect of Imports from China on Firm‐Level Prices (2015)Co-Integration and Error Correction: Representation, Estimation, and Testing (1987)Statistical Inference in Instrumental Variables Regression with I(1) Processes (1990)Tests for Parameter Instability and Structural Change With Unknown Change Point (1993)Some tests for parameter constancy in cointegrated VAR‐models (1999)Information Technology and the U.S. Productivity Revival: What Do the Industry Data Say? (2002)Dealing with Structural Breaks (2005)Macroeconomics and Reality (1980)Generalized impulse response analysis in linear multivariate models (1998)Estimation and Inference in Large Heterogeneous Panels with a Multifactor Error Structure (2004)General Diagnostic Tests for Cross Section Dependence in Panels (2004)Unit Roots and Cointegration in Panels (2008)Panel Vector Autoregressive Models: A Survey (2013)Statistical analysis of cointegration vectors (1988)Pooled Mean Group Estimation of Dynamic Heterogeneous Panels (1999)Panels with Nonstationary Multifactor Error Structures (2006)A Theory of Optimum Currency Areas (1961)A SENSITIVITY ANALYSIS OF CROSS-COUNTRY GROWTH REGRESSIONS (1991)Technology, Geography, and Trade (2002)How Does Globalization Affect the Synchronization of Business Cycles? (2003)Understanding the Evolution of World Business Cycles (2005)GLOBAL BUSINESS CYCLES: CONVERGENCE OR DECOUPLING?* (2008)On the mechanics of economic development (1988)Endogenous Technological Change (1990)The effect of financial crises on potential output: New empirical evidence from OECD countries (2012)The effect of government expenditure on the environment:An empirical investigation (2013)Dynamic spillovers of oil price shocks and economic policy uncertainty (2014)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)Critical Values for Cointegration Tests in Heterogeneous Panels with Multiple Regressors (1999)The Transmission of Financial Stress from Advanced to Emerging Economies (2009)Stocks, bonds, money markets and exchange rates: measuring international financial transmission (2010)Speculators, commodities and cross-market linkages (2013)Econometric policy evaluation: A critique (1976)Discretion versus policy rules in practice (1993)Comparing shocks and frictions in US and euro area business cycles: a Bayesian DSGE Approach (2005)Oil price shocks and real GDP growth: empirical evidence for some OECD countries (2005)How Has the Monetary Transmission Mechanism Evolved Over Time? (2010)INTANGIBLE CAPITAL AND U.S. ECONOMIC GROWTH (2009)Output, Input and Productivity Measures at the Industry Level: The EU KLEMS Database (2009)Financial Crises, Credit Booms, and External Imbalances: 140 Years of Lessons (2011)Institutional causes, macroeconomic symptoms: volatility, crises and growth (2003)Why Has U.S. Inflation Become Harder to Forecast? (2007)Credit Spreads and Business Cycle Fluctuations (2012)
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References

  • 2002Has the Business Cycle Changed and Why?1,515 cited
  • 2004Modeling Regional Interdependencies Using a Global Error-Correcting Macroeconometric Model1,461 cited
  • 2007Exploring the international linkages of the euro area: a global VAR analysis996 cited
  • 1992Testing for parameter instability in linear models768 cited
  • 2005Determinants of business cycle comovement: a robust analysis663 cited
  • 2010Government size, composition, volatility and economic growth574 cited
  • 2007Globalisation and Inflation: New Cross-Country Evidence on the Global Determinants of Domestic Inflation526 cited
  • 2004An area-wide model for the euro area478 cited
  • 2003NBER Macroeconomics Annual 2002471 cited
  • 2004A Decomposition of Global Linkages in Financial Markets Over Time413 cited
  • 2001Monetary Policy and Exchange Rate Pass-Through372 cited
  • 2002A Reexamination of the Predictability of Economic Activity Using the Yield Spread357 cited
  • 2004Monetary policy and exchange rate pass‐through314 cited
  • 2003Money and inflation in the euro area: A case for monetary indicators?275 cited
  • 2004Monetary Policy and Inflation Dynamics219 cited

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  • 2002Eurosystem monetary targeting: Lessons from U.S. data162 cited
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    • 2012DIRECTORATE GENERAL FOR INTERNAL POLICIES POLICY DEPARTMENT A: ECONOMIC AND SCIENTIFIC POLICY41 cited
    • 2019Inflation Expectations: Review and Evidence29 cited
    • 2015Inflation in New EU Member States: A Domestically or Externally Driven Phenomenon?25 cited
    • 2013Financial Globalization and Monetary Transmission25 cited
    • 2018Thai inflation dynamics in a globalized economy20 cited
    • 2019Technological progress, globalization and low-inflation: Evidence from the United States17 cited
    • 2010Inflation Pressures and Monetary Policy in Global Economy15 cited
    • 2012Globalization and flattening of Phillips Curve in Turkey between 1987 and 200714 cited
    • 2016Globalization and inflation: A threshold investigation14 cited